85
85
Dec 4, 2012
12/12
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when a storm like sandy approached, it caused severe flooding. in somerset county, the people of crisfield were severely impacted with the loss of their homes, businesses, aquaculture crops ruined and this is a very foldable community, not a chair. 32% live below poverty. they don't have a lot of options. they don't have resources to take care of their needs without assistance from government. i'm very proud of the leadership of our state in trying to help those individuals in the entire team that were ominous. many are familiar with brewster county were maryland is located. 9.8% of worcester county is below poverty and they have twice the number on average of alter the that we have in our state. they were particularly impacted by the storm. thanks to the extraordinary leadership of governor o'malley, our maryland emergency management agency and the full partnership they brought into being, including our state, local officials. we have extraordinary leadership from county executives, maryland national guard. i was with them throughout the storm.
when a storm like sandy approached, it caused severe flooding. in somerset county, the people of crisfield were severely impacted with the loss of their homes, businesses, aquaculture crops ruined and this is a very foldable community, not a chair. 32% live below poverty. they don't have a lot of options. they don't have resources to take care of their needs without assistance from government. i'm very proud of the leadership of our state in trying to help those individuals in the entire team...
206
206
Dec 4, 2012
12/12
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CNBC
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eye 206
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of sandy jobless claims relative to katrina. if we don't have that chart -- there it is, great. it goes up and now we're in the down. it may pop back. but the trouble is that the big surge there is probably in the week of -- or is going to affect the week of the employment survey. >> the last week. >> and now, guys, if you have the next one back there, i don't know if you have it, you can see there what we show there is we're looking for only 80,000 jobs on friday. 95 in the private sector. that's a big jobs -- it might be hurricane related, but it could also be cliff related. there's these two things just backing up what joe said, folks, we've got enough to worry about without the stuff that we could probably fix and move on, there's enough going on. you can see that we're going to be substantially below the six-month average that we've been running there. and that shows that, you know, we were not robust to begin with, and this is why guys at the fed are concerned about things like this. if you're going 3% or 4% gdp, you have
of sandy jobless claims relative to katrina. if we don't have that chart -- there it is, great. it goes up and now we're in the down. it may pop back. but the trouble is that the big surge there is probably in the week of -- or is going to affect the week of the employment survey. >> the last week. >> and now, guys, if you have the next one back there, i don't know if you have it, you can see there what we show there is we're looking for only 80,000 jobs on friday. 95 in the private...
121
121
Dec 4, 2012
12/12
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CSPAN2
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eye 121
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we need to learn that lesson for sandy. we need to learn the lesson more broadly and see how we can reasonably expedite import in action an ongoing basis and i look forward to working with all my colleagues on that. >> senator, as you know we have this new section of our bill but as to what exactly got them were working with yourself because you're right, we cannot have a halt to fixing our problems when there's 10 different laws they have to comply with. we need to streamline that appeared gear from senator carper for 10 minutes, senator lautenberg says he is here for 10 minutes from senator cardin for 10 minutes, senator white house or 10 minutes, senator gillibrand for 10 minutes. our committee clearly had so many members had felt the impact of the storm. so let's start with you, senator carper. >> bottomed chair, thank you do you and colleagues and to members of our staff for holding this hearing this morning and for giving us an opportunity to share with all of you some of what we've been through. massive impacts of hu
we need to learn that lesson for sandy. we need to learn the lesson more broadly and see how we can reasonably expedite import in action an ongoing basis and i look forward to working with all my colleagues on that. >> senator, as you know we have this new section of our bill but as to what exactly got them were working with yourself because you're right, we cannot have a halt to fixing our problems when there's 10 different laws they have to comply with. we need to streamline that...
155
155
Dec 4, 2012
12/12
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CNBC
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eye 155
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>> we know it will be worse than it would have been because of super storm sandy. so you didn't know how much it was to do with that and how much was the economy. so it will be a bit of a wash in terms of reading the tea leaves for the u.s. >> so the growth picture for the u.s., we sort of 1%, 2%, depending on what happens with the fiscal cliff. what do you think, 2.5%? >> yeah, i think we should be 2.5% to 3% by the end of next year. >> which might be a slightly better outturn. china seems to be back on track. is there anything in europe -- what's the tail risk at the moment? >> i think there's two things that could still go wrong in europe. one, there's always political risk. in italy, you do have elections coming up. there's a chance getting a higher share than people anticipate. but even then, the financial forces are going to force any government that comes into power to more or less stick to the plan morsi set out. on the other hand, there's always spain, the worries that with 25% unemployment, that you would see the default rate particularly on residential m
>> we know it will be worse than it would have been because of super storm sandy. so you didn't know how much it was to do with that and how much was the economy. so it will be a bit of a wash in terms of reading the tea leaves for the u.s. >> so the growth picture for the u.s., we sort of 1%, 2%, depending on what happens with the fiscal cliff. what do you think, 2.5%? >> yeah, i think we should be 2.5% to 3% by the end of next year. >> which might be a slightly better...
138
138
Dec 4, 2012
12/12
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CSPAN
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eye 138
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even though as we've seen from katrina under a republican administration, we've seen from sandy under a democratic administration, the federal government is not the best answer for getting help quickly enough to people. it was the private sector that got gassed and -- gas and water and help most quickly to people who suffered from hurricane katrina and from hurricane sandy. but a proposal to cap charitable contributions as deductions would end up killing charities and forcing people to come begging, oh, please, government, would you please give me a morsel, give me another crumb? so which ever party happens to be in power gets more power. republican or democrat. and we've got to stop that cycle of dependency. we have got to help people reach their god-given potential. and so, when you hear about fair share, you want an equal percentage tax, let's have one for warren buffett and the same rate for his secretary. let's make the income tax, the corporate tax, the capital gains tax, the gift tax, the estate tax, let's just make them all 15% across the board. i'll never have a problem with
even though as we've seen from katrina under a republican administration, we've seen from sandy under a democratic administration, the federal government is not the best answer for getting help quickly enough to people. it was the private sector that got gassed and -- gas and water and help most quickly to people who suffered from hurricane katrina and from hurricane sandy. but a proposal to cap charitable contributions as deductions would end up killing charities and forcing people to come...